logo
close icon

Here’s why IndiaMART is buzzing in trade

IndiaMART is buzzing in trade after JM Financial retained its buy call on the stock. The stock is down 20 percent in 2022 and down 47 percent from its 52-week high on concerns of compression in margins in Q4FY22 and Q1FY23.

IndiaMART is buzzing in trade after JM Financial retained its buy call on the stock.

The stock is down 20 percent in 2022 and down 47 percent from its 52-week high on concerns of compression in margins in Q4FY22 and Q1FY23.

The company says that the margin compression is on account of higher hiring and wage inflation.

However, according to JM Financials, the ramp-up of sales effort is needed for the stock to deliver good growth in the near to medium term.

JM Financial has retained its buy rating on the stock with a target price of Rs 5,100 per share.

The stock was trading with gains of about 5 percent, around Rs 5074 at 12:48 pm.

CNBC TV 18

Latest Posts

Our platform is integrated with AI, ensuring behavior-based matching...

Posted on December 17, 2024

Q: How is IndiaMART leveraging its platform to empower the MSME sector in India, and what specific tools or services have been most impactful for...

Read More

Trend of Gifting increases during festive season in tier...

Posted on November 22, 2024

The longstanding tradition of gifting among businesses rises to a peak during the festive season in India. It is not just urban businesses; the trend...

Read More

Trend of Gifting increases during festive season in tier...

Posted on November 22, 2024

The longstanding tradition of gifting among businesses rises to a peak during the festive season in India. It is not just urban businesses; the trend...

Read More